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(Reuters) - Shares in Rio Tinto fell on Friday after Serbia revoked lithium exploration licences of the Anglo-Australian mining giant, bowing to local...
Serbia has bowed to long-standing public pressure, throwing the Australian miner’s $US2.4 billion project into disarray. The news comes ahead of its general election in April and with Serbia-Australia relations at a low point since the deportation of Novak Djokovic.
Just days after tennis star Novak Djokovic was deported, Serbia has revoked an Australian company's mining licence.
Lithium could play a growing role in the Rio Tinto Limited (ASX:RIO) share price over time. It has lithium projects on the cards.
Serbia has bowed to long-standing public pressure, throwing the Australian miner’s $US2.4 billion project into disarray. The news comes ahead of its general election in April and with Serbia-Australia relations at a low point since the deportation of Novak Djokovic.